The FinTech Hub
Source: Live Mint Nine out of 10 individual traders lost money in the futures and options (F&O) segment of the stock market during FY24, a study by the regulator showed, underscoring its concerns over speculation by retail investors. The report released by the Securities and Exchange Board of India (Sebi) on Monday revealed that the…
Source: Live Mint US stocks rose on Monday as investors focused on comments from Federal Reserve policymakers and economic data due this week. Fed presidents Raphael Bostic, Neel Kashkari and Austan Goolsbee supported the last week’s rate cut and voiced support for more cuts in the rest of 2024. At 11:44 a.m. the Dow Jones…
Source: Live Mint Bitcoin stood out as it surged to one-month highs on Monday, continuing its rally following last week’s substantial rate cut by the Federal Reserve. Meanwhile, the yen fell further in markets that were quieter due to a Japanese holiday. By 12:27 pm IST, Bitcoin had climbed 1.3% to $63,703, and Ethereum had…
Source: Live Mint Diffusion Engineers initial public offering (IPO) is set to commence on September 26 and will conclude on September 30. This offering consists entirely of a new equity sale, comprising 94.05 lakh shares. The company has announced a price range of ₹159 to ₹168 per share for its public offering, which amounts to…
Source: Live Mint Reliance Power Ltd’s board of directors approved the issue of preferential shares to raise ₹1,524.60 crore, the company said in a filing on the Bombay Stock Exchange (BSE) on Monday, September 23. “We hereby inform you that the Board of Directors at its Meeting held today i.e., Monday, September 23, 2024, has…
Source: Live Mint Manba Finance initial public offering (IPO) opened for subscription on Monday, September 23. The IPO was subscribed 23.79 times on the first day of bidding. The issue will remain open till September 25. Manba Finance provides a range of financial services such as auto loans, used car loans, small business loans, and…
Source: Live Mint Waaree Energies Limited, an Indian manufacturer of solar PV modules, has received the final approval from the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO), according to a Securities and Exchange Board of India (SEBI) issues filing. SEBI issued the notice on Friday, September…
Source: Live Mint A recent report from Elastic, a Search Analytics firm, indicates that 81 per cent of Indian organizations have adopted Generative AI (GenAI), positioning India as a leader in this technological domain. The study anticipates an increase in investments and budget allocations for AI initiatives in the coming years. Reportedly, IT service providers…
Source: Live Mint Zomato share price climbed 2.5 per cent to hit a fresh all-time high of ₹298.05 in intraday trade on BSE on Monday, September 23. The stock finally closed 2.13 per cent higher at ₹296.90, extending gains into the fourth consecutive session. The stock has skyrocketed by an impressive 369 per cent over…
Source: Live Mint I filed my income tax return (ITR) as a non-resident Indian (NRI) and it has been processed. If I want to revise the ITR before 31 December do I need to file an updated ITR? I forgot to show some interest income that is taxable at 12.5% under a double taxation avoidance…
